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  • Dollar falls to 15-year low against Japanese yen, trades at low 83-yen level
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A money trader works at a dealing room at a foreign exchange firm where the U.S. dollar was being traded at 83.64 yen, in Tokyo, on Wednesday, Sept. 8, 2010. Japan's benchmark Nikkei 225 stock index dropped 181.61 points, or 2.0 percent, to 9,044.39 to close the morning session. (AP Photo/Itsuo Inouye)
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Dollar falls to 15-year low against Japanese yen, trades at low 83-yen level

The Associated Press Sep 08, 2010 01:31:41 AM
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TOKYO - The U.S. dollar has sunk to a new 15-year low against the yen.

The dollar was trading near 83.30 yen on Wednesday afternoon, even as Japanese officials repeated they may intervene to stop the yen's climb.

Earlier Wednesday, the Japanese Finance Minister said Tokyo would take measures to stop the yen's rise "when necessary," according to Kyodo News agency.

A strong yen can hurt Japan's export-led economy, as it cuts into profits on sales made abroad.

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